News Summary: Mixed ratings for Facebook stock

The Associated Press

June 27, 2012 at 8:23 PM

FILE - In this Friday, May 18, 2012 file photo, electronic screens show the price of Facebook shares after they began trading in New York. A flood of analyst reports from the banks that led Facebook's initial public offering gave the company's stock a mix of "Neutral" and "Buy" ratings on Wednesday, June 27, 2012 The day marks the end of a 40-day quiet period following the IPO, during which the underwriters aren't allowed to issue ratings. (AP Photo/Richard Drew)

MIXED RATINGS: A flood of analyst reports from 33 banks gave Facebook's stock a mix of "Neutral" and "Buy" ratings on Wednesday. And there was at least one review that equated to a "Sell" rating.

THE TIMING: Wednesday marked the end of the 40-day quiet period following Facebook's initial public offering. Analysts at banks that led the IPO were finally allowed to give public opinions on the stock, offering the first glimpse of what the IPO's underwriters really think about Facebook.

STOCK PRICE: On Wednesday, it fell 87 cents, or 2.6 percent, to close at $32.23.

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News Summary: Mixed ratings for Facebook stock

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